Sentinel Balanced Correlations

Mutual Funds . USA . 
Fund . Sentinel Balanced Fund
SEBLX Fund  USD 28.39  0.22  0.78%   
The current 90-days correlation between Sentinel Balanced and Sentinel Mon Stock is 0.98 (i.e., Almost no diversification). The correlation of Sentinel Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sentinel Balanced Correlation With Market

Weak diversification

The correlation between Sentinel Balanced Fund and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sentinel Balanced Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sentinel Balanced Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Sentinel Mutual Fund

  0.83TVOYX Touchstone Small CapPairCorr
  0.81TEGAX Mid Cap GrowthPairCorr
  0.72TEGIX Mid Cap GrowthPairCorr
  0.81TEGYX Mid Cap GrowthPairCorr
  0.73SAGWX Sentinel Small PanyPairCorr
  0.72SSCOX Sentinel Small PanyPairCorr
  0.68TFCCX Touchstone Large CapPairCorr
  0.74SSRRX Sentinel SmallPairCorr
  0.97TFFCX Touchstone FocusedPairCorr
  0.81TFGRX Touchstone Mid CapPairCorr
  0.95TFFIX Touchstone FocusedPairCorr
  0.96TFFYX Touchstone FocusedPairCorr
  0.99SBACX Sentinel BalancedPairCorr
  0.76FRACX Touchstone FlexiblePairCorr
  0.96TFOAX Touchstone FocusedPairCorr
  0.8TFSLX Touchstone FlexiblePairCorr
  0.64CFSIX Touchstone Sands CapitalPairCorr
  0.89TGVCX Growth OpportunitiesPairCorr
  0.9TGVFX Growth OpportunitiesPairCorr
  0.9TGVYX Growth OpportunitiesPairCorr
  0.9TGVVX Growth OpportunitiesPairCorr
  0.94SCRLX Sentinel Mon StockPairCorr
  0.94SCSCX Sentinel Mon StockPairCorr
  0.64THIYX High Yield FundPairCorr
  0.72THYCX High Yield FundPairCorr
  0.67THYAX High Yield FundPairCorr
  0.66THYYX High Yield FundPairCorr
  0.76TICSX Touchstone Small PanyPairCorr
  0.67TIMPX Touchstone FundsPairCorr
  0.94SENCX Sentinel Mon StockPairCorr
  0.64CISGX Touchstone Sands CapitalPairCorr
  0.69TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SIBLX
+ 0.99
SBACX
SIBLX
+ 0.95
SENCX
SBACX
+ 0.92
SENCX
SBACX
+ 0.74
SAGWX
SIBLX
+ 0.72
SAGWX
SAGWX
+ 0.59
SWRLX
  
High negative correlations   
SWRLX
- 0.09
SENCX

Risk-Adjusted Indicators

There is a big difference between Sentinel Mutual Fund performing well and Sentinel Balanced Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sentinel Balanced's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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